TikTok Cracks Multi-year Licensing Deal Despite Looming Shutdown Threats

TikTok has entered into a multi-year licensing deal with Dutch collecting society Buma/Stemra. This joint announcement emphasized the short-form video-sharing app’s considerable popularity in Europe particularly among some of Buma/Stemra’s approximately 28,000 members including Martin Garrix and Tiësto. TikTok Cracks Multi-year Licensing Deal Despite Looming Shutdown Threats Additionally, the text noted that TikTok intends to work with the Society’s members in an effort “to deepen understanding of the platform and the opportunities it presents.” Financial terms of the deal weren’t declared but Buma/Sterma CEO Bernard Kobes described the corresponding negotiations as “intense but constructive,” besides touting the service’s…

Read More